Do you have any specific reasons for staying out of cable trades at the current time? I am curious. You trading strategy also appears to be similar to mine, and it is nice to find people who are not carried away by the winds of scalping.

:: Cable (GBPUSD) Trend Trading ::

Good thoughts here. My trading strategy appears to be similar in many ways to yours. Like you, I am always learning, as I believe currency trading is an environment where we are constantly in the learning process.

:: Cable (GBPUSD) Trend Trading ::

Thanx — Thanks Islander. I hope we can share some good ideas here, and I guarantee you will benefit from a longer term outlook on the currency market.

Desert Island Trading Journal

Morning again for me — Why Oh Why, Yes I am short. For anyone who is not at least a swing trader I would advise against short at the current hour. The price is retracing as we can all see, but I am still anticipating a downward movement. You ...

Desert Island Trading Journal

Yes, you may very well be right. I have been watching this pair intensely for the past 7 months. I'm short right now, and my TP is based on several different signals, so I normally do not use a TP price or a stop loss. I must be off to bed, it is ...

Desert Island Trading Journal

This is the byproduct of scalpers and short term/day traders. If you want to exchange thoughts and ideas on effective currency trading subscribe to my thread. I will be on again during the U.S. session.

EURUSD

Thank you. I will look into this.

EURUSD

No problem. Best of wishes to you as well, and thanks for the feedback.

AUD/USD

Yes, I noticed this and I mentioned it in several posts. I am only trying to have a simple exchange of thoughts and ideas with the trading world.

EURUSD

Based on the fibonacci levels for the EUR/USD pair, I am anticipating a possible wave 3 down. Monthly, weekly, daily and 4 hour charts confirmation apply. Any thoughts?

Trend Trading All Pairs

I'm with you all the way!

AUD/USD

I apologize to Larseg. My response was meant for tradoholic.

AUD/USD

You ask whether to leave or exit. It naturally depends on your trading strategy. If you are a swing or a position trader, you will focus on opening a trade and keeping it open the entire day, unless you see a signal from your trading strategy ...

AUD/USD

A few words of wisdom — Do you know that the 1 hour charts on down are essentially noise inside of the larger chart patterns? I look for patterns on the weekly and monthly charts, then enter my trades on the daily and 4 hour charts. You may be ...

EURUSD

Fundamentals favoring downward reversal ? — Technically speaking, this pair appeared to be headed for a wave 3 in October, then we see two doji like candles on the monthly and continued sideways movement. Many fundamental reports suggest the ...

NZDUSD Discussion

GBP/JPY Wave 5 — Elliot wave theory is definitely an art, and I am by no means an expert on waves. However, I agree with those supporting the wave 5 downward movement for the GBP/JPY. The fibonacci levels are good here, although this pair has ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Bearish Thoughts — Looks as though we can see a rising wedge on the 4hour through the monthly. This sets up a possible reversal for the continued downtrend. The long awaited Wave 3 does not appear to be fully validated, but volume decrease and ...

Cable Update (GBPUSD)